Ultime notizie per Palo Alto Networks (NASDAQ:PANW) Azioni

Palo Alto Networks

Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.

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Shares of software companies are trading lower possibly amid overall market weakness. Multiple software stocks fell after Q3 financial results.

Investors with a lot of money to spend have taken a bullish stance on Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PANW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Palo Alto Networks.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,500, and 9, calls, for a total amount of $385,468.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $340.0 to $400.0 for Palo Alto Networks over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palo Alto Networks's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palo Alto Networks's whale trades within a strike price range from $340.0 to $400.0 in the last 30 days. 
<h3>Palo Alto Networks Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732723279_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$92.0</td>
<td>$91.15</td>
<td>$92.0</td>
<td>$350.00</td>
<td>$55.2K</td>
<td>379</td>
<td align="right">6</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$53.25</td>
<td>$51.75</td>
<td>$53.25</td>
<td>$370.00</td>
<td>$53.2K</td>
<td>65</td>
<td align="right">10</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$49.95</td>
<td>$46.95</td>
<td>$49.1</td>
<td>$390.00</td>
<td>$49.1K</td>
<td>338</td>
<td align="right">0</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$49.8</td>
<td>$46.95</td>
<td>$48.9</td>
<td>$390.00</td>
<td>$48.9K</td>
<td>338</td>
<td align="right">10</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$19.5</td>
<td>$19.05</td>
<td>$19.18</td>
<td>$390.00</td>
<td>$47.9K</td>
<td>1.7K</td>
<td align="right">43</td>
</tr>
</tbody>
</table>

<h3>About Palo Alto Networks</h3>
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
Following our analysis of the options activities associated with Palo Alto Networks, we pivot to a closer look at the company's own performance.
<h3>Where Is Palo Alto Networks Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,473,393, the PANW's price is down by -1.62%, now at $389.97. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 83 days.</li>
</ul>
<h3>What The Experts Say On Palo Alto Networks</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $416.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Palo Alto Networks, targeting a price of $450. 
&#x2A; Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $380. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Palo Alto Networks, which currently sits at a price target of $450. 
&#x2A; Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Palo Alto Networks with a target price of $415. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Palo Alto Networks with a target price of $385. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palo Alto Networks with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Looking At Palo Alto Networks's Recent Unusual Options Activity

A large exercise of company stock options by Nir Zuk, EVP at Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) was disclosed in a new SEC filing on November 26, as part of an insider exercise.
What Happened: The latest Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001327567/000095017024131063//Archives/edgar/data/1327567/000095017024131063/0000950170-24-131063-index.htm">U.S. Securities and Exchange Commission</a> uncovered Zuk, EVP at Palo Alto Networks, exercising stock options for 1,509,057 shares of PANW. The total transaction was valued at $494,663,904.
The Wednesday morning market activity shows Palo Alto Networks shares down by 1.03%, trading at $392.3. This implies a total value of $494,663,904 for Zuk's 1,509,057 shares.
<h3>Get to Know Palo Alto Networks Better</h3>
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
<h3>A Deep Dive into Palo Alto Networks's Financials</h3>
Revenue Growth: Palo Alto Networks's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2024, the company achieved a revenue growth rate of approximately 13.88%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 74.09%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Palo Alto Networks's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.07.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.17.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 51.41 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 16.99 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 92.48, Palo Alto Networks presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001327567">Check Out The Full List Of Palo Alto Networks's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Options Movement At Palo Alto Networks: Nir Zuk Exercises Worth $494.66M

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$137.00</td>
<td>$71.2K</td>
<td>18.4K</td>
<td>47.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$260.00</td>
<td>$32.3K</td>
<td>53.0K</td>
<td>26.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$138.00</td>
<td>$40.0K</td>
<td>2.6K</td>
<td>16.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$65.00</td>
<td>$27.5K</td>
<td>7.9K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$390.00</td>
<td>$80.1K</td>
<td>1.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$185.00</td>
<td>$94.6K</td>
<td>3.6K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$160.00</td>
<td>$284.0K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.00</td>
<td>$49.8K</td>
<td>796</td>
<td>851</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$157.50</td>
<td>$30.0K</td>
<td>1.0K</td>
<td>838</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$340.00</td>
<td>$40.7K</td>
<td>536</td>
<td>782</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 403 contract(s) at a $137.00 strike. This particular put needed to be split into 236 different trades to become filled. The total cost received by the writing party (or parties) was $71.2K, with a price of $176.0 per contract. There were 18482 open contracts at this strike prior to today, and today 47535 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 647 contract(s) at a $260.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $50.0 per contract. There were 53058 open contracts at this strike prior to today, and today 26888 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 301 contract(s) at a $138.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $133.0 per contract. There were 2674 open contracts at this strike prior to today, and today 16525 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bullish, expiring in 10 day(s) on December 6, 2024. This event was a transfer of 100 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 7959 open contracts at this strike prior to today, and today 3167 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 45 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $80.1K, with a price of $1780.0 per contract. There were 1349 open contracts at this strike prior to today, and today 3035 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on December 6, 2024. Parties traded 757 contract(s) at a $185.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $94.6K, with a price of $125.0 per contract. There were 3655 open contracts at this strike prior to today, and today 2567 contract(s) were bought and sold. 
• For DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we notice a call option trade that happens to be bearish, expiring in 24 day(s) on December 20, 2024. This event was a transfer of 800 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $284.0K, with a price of $355.0 per contract. There were 2352 open contracts at this strike prior to today, and today 1064 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a call option trade with bearish sentiment. It expires in 234 day(s) on July 18, 2025. Parties traded 166 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $49.8K, with a price of $300.0 per contract. There were 796 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on November 29, 2024. This event was a transfer of 200 contract(s) at a $157.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 1082 open contracts at this strike prior to today, and today 838 contract(s) were bought and sold. 
• For PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we notice a put option trade that happens to be bearish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 230 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $40.7K, with a price of $177.0 per contract. There were 536 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

DDOG

MSTR

NVDA

PLTR

QCOM

QUBT

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bullish stance on Palo Alto Networks.
Looking at options history for Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $182,515 and 20, calls, for a total amount of $1,144,970.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $420.0 for Palo Alto Networks during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palo Alto Networks's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palo Alto Networks's whale trades within a strike price range from $250.0 to $420.0 in the last 30 days. 
<h3>Palo Alto Networks 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732550427_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$141.5</td>
<td>$135.55</td>
<td>$141.5</td>
<td>$250.00</td>
<td>$141.5K</td>
<td>46</td>
<td align="right">0</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$8.0</td>
<td>$7.6</td>
<td>$8.0</td>
<td>$395.00</td>
<td>$129.6K</td>
<td>172</td>
<td align="right">182</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$35.4</td>
<td>$34.05</td>
<td>$34.0</td>
<td>$390.00</td>
<td>$122.4K</td>
<td>231</td>
<td align="right">36</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$27.5</td>
<td>$26.6</td>
<td>$27.5</td>
<td>$370.00</td>
<td>$82.5K</td>
<td>1.2K</td>
<td align="right">38</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$8.0</td>
<td>$6.6</td>
<td>$8.0</td>
<td>$387.50</td>
<td>$80.0K</td>
<td>147</td>
<td align="right">100</td>
</tr>
</tbody>
</table>

<h3>About Palo Alto Networks</h3>
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
In light of the recent options history for Palo Alto Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Palo Alto Networks Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,319,843, the PANW's price is up by 1.4%, now at $388.73. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 85 days.</li>
</ul>
<h3>Expert Opinions on Palo Alto Networks</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $409.8.
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&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Palo Alto Networks, maintaining a target price of $385. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Palo Alto Networks, targeting a price of $420. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Palo Alto Networks, maintaining a target price of $449. 
&#x2A; An analyst from Truist Securities persists with their Buy rating on Palo Alto Networks, maintaining a target price of $425. 
&#x2A; Reflecting concerns, an analyst from Northland Capital Markets lowers its rating to Market Perform with a new price target of $370.
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This Is What Whales Are Betting On Palo Alto Networks

U.S. stocks settled higher on Friday, with the Dow Jones index closed at a fresh record level during the session. Major indices on the Wall Street recorded gains last week, with the Dow gaining around 2% and the S&amp;P 500 adding around 1.7%.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Trevor Walsh
<ul>
<li>Analyst Firm: JMP Securities</li>
<li>Ratings Accuracy: 89%</li>
<li>Latest Rating: Maintained a Market Outperform rating on Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) and raised the price target from $380 to $415 on Nov. 21. This analyst sees more than 8% increase in the stock.</li>
<li>Recent News: On Nov. 20, Palo Alto reported first-quarter revenue of $2.14 billion, beating the consensus estimate of $2.12 billion. The cybersecurity company reported quarterly earnings of $1.56 per share, beating analyst estimates of $1.48 per share, according to Benzinga Pro.</li>
</ul>
Analyst: Chris Kotowski
<ul>
<li>Analyst Firm: Oppenheimer</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Downgraded rating on JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) from Outperform to Perform on Nov. 20.</li>
<li>Recent News: On Nov. 7, J.P. Morgan Real Estate Income Trust, Inc. disclosed the acquisition of a two-site, three-building logistics and storage portfolio in Tampa and Pinellas Park, Florida, for $25.8 million, excluding closing costs.</li>
</ul>
Analyst: Andrew Kaplowitz
<ul>
<li>Analyst Firm: Citigroup</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on Jacobs Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) and cut the price target from $166 to $161 on Nov. 20. This analyst sees around 19% upside in the stock.</li>
<li>Recent News: On Nov. 19, the company reported fourth-quarter revenue growth of 4.4% year-over-year to $2.96 billion, beating the consensus of $2.368 billion.</li>
</ul>
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) and increased the price target from $140 to $165 on Nov. 21. This analyst sees around 4% decline in the stock.</li>
<li>Recent News: On Nov. 20, Williams-Sonoma reported better-than-expected third-quarter financial results.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and raised the price target from $165 to $185 on Nov. 21. This analyst sees more than 30% upside in the stock.</li>
<li>Recent News: In a recent interview, Nvidia CEO Jensen Huang shared his thoughts on the company&#8217;s focus on supply as demand remains &#8220;incredible,&#8221; a development that was a big topic in the company&#8217;s recent financial results.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Price Target

Pre-Market Outlook

Analyst Ratings

This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Palo Alto Networks shares are trading lower after HSBC downgraded the stock from Hold to Reduce and cut its price target from $304 to $291.

HSBC analyst Stephen Bersey downgrades Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from Hold to Reduce and lowers the price target from $304 to $291.

Downgrades

HSBC Downgrades Palo Alto Networks to Reduce, Lowers Price Target to $291

Wall Street witnessed a positive momentum on Thursday as investor risk appetite remained resilient despite escalating geopolitical tensions in Europe. The market brushed off concerns following a Russian missile strike on a Ukrainian military facility overnight, which came in response to Ukrainian missile <a href="https://www.benzinga.com/24/11/42113449/natural-gas-prices-spike-to-over-1-year-highs-oil-surges-to-70-as-russia-fires-intercontinental-ballistic-missile-to-ukraine">attacks earlier this week. </a>
Russian President Vladimir Putin, in a televised address on Thursday, stated that after the use of long-range missiles from Ukraine, &#8220;the regional conflict gained elements of global one.&#8221;
Major U.S. indices traded higher by midday trading in New York, with standout performances among blue-chip stocks and small-cap equities. 
The Dow Jones Industrial Average surged 500 points, reaching 43,965, marking a 1.3% gain and its strongest session in over two weeks.
The Russell 2000 outperformed with a 1.7% jump, setting up its best day since the post-election rally. 
In contrast, the Nasdaq 100 lagged slightly, rising 0.5%. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), despite higher-than-expected earnings, failed to spark broader optimism in the tech sector. Meanwhile, shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) tumbled nearly 6% after the Department of Justice (DOJ) mandated the sale of Google Chrome aimed at curbing Google&#8217;s dominant position in search and digital advertising.
Geopolitical uncertainties drove strong gains in the commodities market. <a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">Natural gas Henry Hub prices </a>soared 5%, bringing year-to-date gains to over 50% and marking the best monthly performance since July 2022. Crude oil prices also climbed 0.9%, supported by supply concerns.
Gold extended its winning streak, rising 0.7% for its fourth consecutive session of gains as investors sought safe-haven assets.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued its rally, rising over 3% and hitting an intraday high of $98,367. The largest cryptocurrency now hovers tantalizingly close to the $100,000 milestone. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,365.25</td>
<td>1.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,965.39</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,949.37</td>
<td>0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,739.86</td>
<td>0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.6% to $593.78.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.3% to $439.81.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.3% to $504.89.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 1.7% to $234.91.</li>
<li>The&nbsp;Financial Sector Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, rising 1.6%. The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Nvidia Corp. fell 0.6% despite surpassing Street&#8217;s consensus estimates on both earnings per share and revenue during the third quarter. Analysts have raised price targets with Wedbush at $175, Baird at $195 and Barclays at $160.</li>
<li>Despite the dismal reaction by Nvidia, semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) rose 1.9%. Major gainers on Thursday were Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), up 4.7%; Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), up 3.9% and Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), up 3.7%.</li>
<li>PDD Holdings Inc. &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) tumbled nearly 10% after missing earnings and revenue estimates.</li>
<li>Other stocks reacting to earnings included Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), up 8.8%; Warner Music Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), down 8%; Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), up 1.4% and Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), up 32%.</li>
<li>Companies slated to report their earnings after the close include Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), Ross Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROSS#NASDAQ">ROSS</a>) and NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>). </li>
</ul>
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</ul>
Photo: Shutterstock

Earnings

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Specialty ETFs

Eurozone

Commodities

Small Cap

Global

Economics

Tech

ETFs

$BTC

AMAT

CPRT

SPDR Dow Jones Industrial Average ETF Trust

GOOG

GOOGL

INTU

MRVL

NTAP

Citigourp Global Markets 2% Protected Notes Linked To The Djia

ROSS

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Small Caps Rally, Alphabet Plummets, Bitcoin Flirts With $100,000: What's Driving Markets Thursday?

Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) shares are trading higher Thursday. The cybersecurity company reported fiscal first-quarter earnings results after the market close on Wednesday. Here&#8217;s <a href="https://www.benzinga.com/news/earnings/24/11/42099690/palo-alto-networks-q1-earnings-revenue-beat-eps-beat-2-for-1-stock-split-multiyear-platformization-trend-for-security-ai">what you need to know.</a>
What To Know: Palo Alto Networks reported revenue of $2.14 billion, surpassing the consensus estimate of $2.12 billion. Quarterly earnings came in at $1.56 per share, beating analyst estimates of $1.48 per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Revenue was up 14% year-over-year, with remaining performance obligations growing by 20% to $12.6 billion. Additionally, the company&#8217;s next-generation security annual recurring revenue rose by 40% year-over-year to $4.5 billion.
&#8220;Our Q1 results reinforced our conviction in our differentiated platformization strategy,&#8221; said Nikesh Arora, chairman and CEO of Palo Alto Networks.
The company also announced a two-for-one stock split, which is scheduled to take effect on Dec. 16, with a record date of Dec. 12. Shareholders will receive one additional share for each share they held as of the market close on Dec. 13.
Looking ahead, Palo Alto expects second-quarter fiscal 2025 revenue in the range of $2.22 billion to $2.25 billion and adjusted earnings per share between $1.54 and $1.56. For the full fiscal year, the company anticipates revenue between $9.12 billion and $9.17 billion and earnings between $6.26 and $6.39 per share.
Following the print, analysts maintained <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42116266/palo-alto-networks-posts-q3-beat-analysts-are-most-impressed-by-platform-acceleration">generally positive ratings</a>, with price target adjustments reflecting the strong performance. Price targets from analysts on Thursday ranged from $370 to $450 per share. Needham and Wells Fargo both raised their targets to $450, while Oppenheimer and RBC Capital maintained price targets of $450. 
PANW Price Action: Palo Alto Networks shares were up 2.13% at $401.41 at the time of publication, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
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</ul>
Image Via Shutterstock.

Movers

What's Going On With Palo Alto Networks Stock Thursday?

Truist Securities analyst Anthony Hau maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and maintains $425 price target.

Truist Securities Maintains Buy on Palo Alto Networks, Maintains $425 Price Target

TD Cowen analyst Shaul Eyal maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and raises the price target from $400 to $420.

TD Cowen Maintains Buy on Palo Alto Networks, Raises Price Target to $420

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8bb85e9300015f1ad9/brian-abrahams">RBC Capital analyst Brian Abrahams </a>upgraded Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) from Underperform to Sector Perform and maintained the price target of $4. Sage Therapeutics shares closed at $4.91 on Wednesday. See how other analysts view this stock.</li>
<li>Morgan Stanley analyst James Faucette upgraded the rating for EVERTEC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) from Underweight to Equal-Weight and raised the price target from $33 to $35. Evertec shares closed at $34.84 on Wednesday. <a href="https://www.benzinga.com/quote/EVTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b1f43eaaa0001698f45/spiro-dounis">Citigroup analyst Spiro Dounis</a> upgraded DT Midstream, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTM#NYSE">DTM</a>) from Neutral to Buy and raised the price target from $90 to $115. DT Midstream shares closed at $102.73 on Wednesday. <a href="https://www.benzinga.com/quote/DTM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt analyst Catharine Trebnick upgraded Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from Neutral to Buy and boosted the price target from $390 to $425. Palo Alto shares closed at $392.89 on Wednesday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Compass Point analyst Floris Van Dijkum upgraded Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Neutral to Buy and maintained the price target of $17. Pebblebrook Hotel shares closed at $12.37 on Wednesday. <a href="https://www.benzinga.com/quote/PPEB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PANW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="367" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-1024x367.png" alt="" class="wp-image-659212" style="width:539px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-1024x367.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-300x107.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-768x275.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-1536x550.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222.png 1595w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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EVTC

SAGE

This Palo Alto Networks Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

BTIG analyst Gray Powell maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and raises the price target from $395 to $414.

BTIG Maintains Buy on Palo Alto Networks, Raises Price Target to $414

Citigroup analyst Fatima Boolani maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and raises the price target from $395 to $432.

Citigroup Maintains Buy on Palo Alto Networks, Raises Price Target to $432

Deutsche Bank analyst Brad Zelnick maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and raises the price target from $395 to $415.

Deutsche Bank Maintains Buy on Palo Alto Networks, Raises Price Target to $415

Analysts published commentary on Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) after the company reported <a href="https://www.benzinga.com/news/earnings/24/11/42099690/palo-alto-networks-q1-earnings-revenue-beat-eps-beat-2-for-1-stock-split-multiyear-platformization-trend-for-security-ai">upbeat fiscal first-quarter results</a>.
<ul>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33e43eaaa000122c59a/gabriela-borges">analyst Gabriela Borges</a> maintained a Buy rating, while reducing the price target from $425 to $421.</li>
<li>Needham <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6539490f1c7d4600012d4bc4/matt-dezort">analyst Matt Dezort</a> reiterated a Buy rating, while raising the price target from $385 to $450.</li>
<li>JMP Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6298be750c34880001d668d9/trevor-walsh">analyst Trevor Walsh</a> reaffirmed a Market Outperform rating, while lifting the price target from $380 to $415.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/590783e6290fa70001409b4a/rob-owens">analyst Rob Owens</a> maintained a Neutral rating, while raising the price target from $330 to $385.</li>
<li>KeyBanc Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62eacb8a9bab060001dbd41a/eric-heath">analyst Eric Heath</a> reiterated an Overweight rating and price target of $435.</li>
<li>Cantor Fitzgerald <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d11d3db85e93000188d7b9/jonathan-ruykhaver">analyst Jonathan Ruykhaver</a> reaffirmed an Overweight rating and price target of $445.</li>
<li>RBC Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880b6f377f9dd00011b0ab2/matthew-hedberg">analyst Matthew Hedberg</a> maintained an Outperform rating and a price target of $450.RBC Capital Markets </li>
<li>Oppenheimer <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5937f6b185b07a0001ac364f/ittai-kidron">analyst Ittai Kidron</a> reiterated an Outperform Buy rating and price target of $450.</li>
<li>WestPark Capital <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e301e08430dee0001c88c8d/joseph-feldman">analyst Paul Rodriguez</a> reaffirmed a Hold rating on the stock.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs: Palo Alto reported its quarterly revenues 1% above the Street and earnings 6% higher. Management raised their fiscal 2025 guidance for NGS ARR (next-generation security annual recurring revenue) by 2%.
Gross margins came in 85 basis points (bps) short of estimates. Calculated billings declined by 14% year-on-year and came around 20% below the Street. "We believe there continues to be good runway for Palo Alto to transition customers to higher performance (and price) attached subscriptions," Borges said in a note.
Needham: ARR and revenues are up 40% year-on-year at $4.52 billion and up 14% at $2.14 billion, beating consensus by 3.5% and 1%, respectively. RPOs (remaining performance obligations) grew by 20% year-on-year to $12.6 billion and the company guided for an acceleration to 20%-21% in the second quarter, he added.
"Platformization progress continues to impress," with the company adding more than 70 customers in the quarter, which brings the total to 1,100, Dezort said. Palo Alto reiterated its target of reaching 2,500-3,000 platform customers and $15 billion in ARR by fiscal 2030.
JMP Securities: Non-GAAP earnings of $1.56 per share came in higher than consensus of $1.48 per share. The company guided non-GAAP earnings of $1.54-$1.56 per share for the fiscal second quarter, versus consensus of $1.55 per share.
Momentum in the company's SASE and XSIAM offerings is driving platformization, the analyst stated. These offerings "continue to be key growth drivers for the network security and security operations pillars of the business, respectively," Walsh said.
Piper Sandler: Palo Alto enjoyed an acceleration in RPO growth &#8220;given platformization momentum, with beats across other top- and bottom-line metrics," Owens said. Despite this, the company's full-year RPO expectations were in-line, which effectively lowers bookings expectations, "driving the disappointment on the quarter.&#8221;
"Platformization continued to gain traction, with over 70 new platformization deals in F&#8217;1Q, with a third coming from QRadar," the analyst wrote. The company's next-gen portfolio remains strong, he further stated.
KeyBanc Capital Markets: Palo Alto Networks performed better than other "many security peers" in the quarter, Heath said. While revenue, RPO, NGS ARR, and margins came in ahead of expectations, billings was "meaningfully" below, he added.
Investors may be concerned about the sequential decline in deferred revenues acting as a headwind to free cash flows. A move to annualized invoicing seems to be "already quickening sales cycles" and improving visibility into free cash flows in the medium term, the analyst stated. "We remain positive on security being a top area of spend in IT, customers continuing to consolidate security vendors, and we view Palo as a leader in several strategic markets, while still early in consolidating those adjacencies," he added.
Cantor Fitzgerald: Palo Alto started the new fiscal year "on the right foot," outperforming consensus on revenue, RPO, NGS ARR, and earnings, Ruykhaver said. The company raised its full-year guidance to reflect the "strong 1Q momentum and continued strength in the platformization approach," he added.
QRadar added 550 customers to the Cortex customer base and present "ample upsell opportunity to the XSIAM offering," the analyst wrote. Management values this pipeline at more than $1 billion, he further stated.
RBC Capital Markets: Billings declined by 13.5% to $1,752 million, coming in well below consensus of $2,192 million, Hedberg said. "We note again that PANW stopped guiding to billings last quarter given the noise the platformization strategy has introduced to the metric," he added.
Progress in platformization continued in the quarter and "the market is seeing a growing realization of the impact platformization can have," the analyst wrote. Although management raised the full-year guidance for NGS ARR, the extent was less than the first-quarter beat, he further stated.
Oppenheimer: Palo Alto generated strong results for the fiscal first quarter, beating estimates, driven by "sustained momentum on its platform push, broad product adoption, slight acceleration in RPO, and solid cost discipline," Kidron said. The company reported "standout" results for SASE, with 20% year-on-year growth in customers and over 40% growth in deals worth over $1M, and for Cortex, with 180% growth in over $1M XSIAM ARR customers, he added.
"Looking ahead, we see an attractive outlook, and believe easing firewall headwinds, an opportunity to leverage its SASE footprint to drive displacements in the upcoming firewall refresh cycle, and a &gt;$1.5B bookings opportunity with QRadar customers can deliver upside to the current outlook," the analyst further wrote.
WestPark Capital: Palo Alto Networks' revenue growth came in slightly above 14%, higher than the estimate of 12%-13%, Rodriguez said. The company's strong NGS ARR growth of 40% was helped by the inclusion of QRadar migrations, he added.
Management guided to revenues in the range of $2.22 billion to $2.25 billion for the fiscal second quarter and $9.12 billion to $9.17 billion for the full year, the analyst stated. Booking from QRadar to XSIAM transactions have already exceeded $80 million since the deal announcement in May, he further mentioned.
Price Action: Shares of Palo Alto Networkshad declined by 1.04% to $388.80 at the time of publication on Thursday.
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